I think being short in usdjpy should be short term trading. Usd is still performing well and BOJ are not eager to tighten their monetary policy which could be support for usdjpy bears. From technical analysis usdjpy is now on fibo fan's blade,so a small drawdown is expected. But expecting much from this trade won't be safe until change of outlook.I'm adding my usdjpy chart below:

Originally posted by ahsanullah

I think being short in usdjpy should be short term trading. Usd is still performing well and BOJ are not eager to tighten their monetary policy which could be support for usdjpy bears. From technical analysis usdjpy is now on fibo fan's blade,so a small drawdown is expected. But expecting much from this trade won't be safe until change of outlook.I'm adding my usdjpy chart below:

Hi guy,

my trading plan is on possile pullback for oversold situation in short-term. in long term I'm very bullish on jpy/usd..... minumun 120,00 area.......

Originally posted by CHForex

Hi guy,

my trading plan is on possile pullback for oversold situation in short-term. in long term I'm very bullish on jpy/usd..... minumun 120,00 area.......

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120.00 area!! Because of current BOJ monetary policy and the monetary policy divergence between BOJ and FOMC usdjpy might reach 120 or up,i also believe so. But for reaching 120 you'll need to wait a long time, by the by what's average lifetime of your each trade? Is it very long?

Originally posted by ahsanullah

Originally posted by CHForex

Hi guy,

my trading plan is on possile pullback for oversold situation in short-term. in long term I'm very bullish on jpy/usd..... minumun 120,00 area.......

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120.00 area!! Because of current BOJ monetary policy and the monetary policy divergence between BOJ and FOMC usdjpy might reach 120 or up,i also believe so. But for reaching 120 you'll need to wait a long time, by the by what's average lifetime of your each trade? Is it very long?

 

hi guy, 120 target is my analysis not my trade! .... speaking about tecnical level, I see a big buterfly on weekly chart..... and fundamental I see high divergence between BOJ and FED!

Interesting Area for big short setup: 106,40/106,70

Looks like Usd/Jpy will keep going up until 110.00 because there is no major resistance before that level. Even though building permits data was lower than expected but Usd/Jpy didnt bounce back.